Hey SpongeBath - what do you expect from the Q3 2009 which will be presented 11/15? Summer is not off road season and the invested very much in promotions...
Sponge -- Business might be good. However, as an long-term investor, you always lose if you buy in at the peek of a price bubble. No stock (going concern) ever was worth more than 60 times net earnings. SNWT seems to be priced at around 300 (and this with optimistic assumptions).
Simple example: Microsoft (MSFT) currently trades at 17 times earings at a price of $28. With 300 times earnings you would have to pay $486 for one share. How long would it take MSFT to grow its value up to that level?
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